Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −6.0% APRpaid last 24h −0.032%

Price spread now: BloFin against Arcus+0.053%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.178%−$18 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.053%, 7d avg +0.063%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SPCX-USD	152.19	0.0040	pay 0.0005% / 1h	38m 35s	$102K	$299K	5x
Short	BloFin SPCX-USDT	152.27	−0.0014	pay 0.0014% / 8h	7h 38m	$1.9M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee BloFinbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$11.43
Price spread: +0.053% → +0.063%: −$1.06
Slippage, 4 orders: −$19.3
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.29
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Arcus: live order book, 60 min ago; BloFin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 60 min ago	6.90 bp	10.8 bp −$11	14.9 bp −$149	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.33 bp	7.8 bp −$8	9.7 bp −$97	11.4 bp −$1,142	15.6 bp −$7,800

SPCX on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0187% / S +0.0435%	1h	152.18	−0.010%	$90K	—	20x	as long as short
BloFin SPCX-USDTshort	−0.0014%	8h	152.27	+0.053%	$1.9M	$1.2M	75x
Bybit SPCXUSDT	0.0000%	8h	152.24	+0.033%	$30.4M	$43.0M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.20	+0.007%	$96.2M	$32.1M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.22	+0.020%	$31.0M	$66.8M	75x	as long as short
StandX SPCX-USD	0.0000%	1h	152.26	+0.046%	$300K	$2.6M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.50	+0.204%	$8K	$857K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.22	+0.020%	$86K	$1.4M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.29	+0.066%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0019%	1h	152.18	−0.008%	$7K	$7K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SPCX	+0.0032%	1h	152.17	−0.013%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.15	−0.026%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0035%	1h	152.20	+0.007%	$1.2M	$5.4M	10x	as long as short
Arcus SPCX-USDlong	+0.0040%	1h	152.19	long leg	$102K	$299K	5x
Vest SPCX-USD-PERP	+0.0046%	1h	152.24	+0.033%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCX	+0.0050%	1h	152.14	−0.033%	$129.8M	$129.3M	20x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.12	−0.046%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.20	+0.007%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.20	+0.007%	$529K	$363K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.11	−0.053%	$3.2M	$2.2M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0063%	8h	152.22	+0.017%	$100	—	5x	as long as short
Bullet SPCX-USD	+0.0069%	1h	152.27	+0.055%	$11K	$192K	10x	as long as short
Nado SPCX-PERP	+0.0077%	1h	152.16	−0.017%	$635K	$813K	20x	as long as short
Variational Omni SPCX	+0.0087%	8h	152.24	+0.033%	$5.9M	$2.8M	—	as long as short
Pacifica SPCX	+0.0100%	1h	152.14	−0.033%	$168K	$117K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.16	−0.020%	$12.9M	$5.7M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.17	−0.013%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.29	+0.066%	$14K	$7K	10x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.20	+0.008%	$725K	$5.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.23	+0.027%	$88	—	10x	as long as short
Binance SPCXUSDT	+0.0106%	8h	152.23	+0.029%	$253.2M	$1.37B	75x	as long as short
OKX SPCX-USDT-SWAP	+0.0119%	8h	152.27	+0.053%	$39.4M	$167.4M	75x	as long as short
RISEx SPCX/USDC	+0.0190%	1h	152.27	+0.052%	$381K	$506K	20x	as long as short
Phoenix SPCX	+0.0210%	1h	152.24	+0.033%	$447K	$268K	15x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0280%	1h	152.13	−0.039%	$693K	$992K	10x	as long as short
Aster SPCXUSD1	+0.0382%	8h	152.35	+0.107%	$18.9M	$30.7M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.57	+0.250%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0644%	4h	152.23	+0.029%	$1.7M	$889K	20x	as long as short